Stock Market Today 09 Jan: Amidst rising global tensions and new threats of a 500 percent US tariff on Indian goods for buying oil from Russia, the Indian stock market opened marginally lower this morning. At 9:29 AM, the Sensex was down 107 points or 0.13 percent at 84,073, and the Nifty was down 26 points or 0.10 percent at 26,850. The broader market indices saw a steeper decline than the benchmark indices, with the Nifty Mid-cap 100 falling 0.29 percent and the Nifty Small-cap 100 dropping 0.84 percent.
Stock Market Today 09 Jan
In the Nifty pack, ONGC and Bharat Electronics were among the top gainers. Nifty Realty and Media were among the top losers, falling by 2.14 percent and 1.34 percent respectively. All sectoral indices, except IT and PSU Banks, were trading in the red. Major market indices also witnessed significant selling pressure. Sectoral indices mostly opened in the red. Nifty Auto fell by 0.12 percent, Nifty IT by 0.16 percent, Nifty Pharma by 0.01 percent, and Nifty Realty by 0.28 percent, reflecting heavy selling pressure across key sectors.
Expert on Stock Market
Analysts say that after the sharp decline in the stock market yesterday due to the possibility of US President Donald Trump imposing tariffs of nearly 500 percent on India under the provisions of the Russia Sanctions Act, the market’s focus will now be on the expected US Supreme Court ruling on the legality of the tariffs imposed by Trump. The Nifty continued its downward trend for the fourth consecutive session, closing 263 points lower at 25,876.
Asian Market Today
Asian-Pacific markets saw mixed trading in the morning session as investors analysed China’s inflation data, which showed prices rising at their fastest pace in nearly three years in December. In Asian markets, China’s Shanghai Composite index rose 0.3 percent, the Shenzhen Component index gained 0.57 percent, Japan’s Nikkei 225 index climbed 1.14 percent, while Hong Kong’s Hang Seng index fell 0.07 percent.
South Korea’s KOSPI index advanced 0.69 percent. US markets were mostly in positive territory overnight, although the Nasdaq Composite index fell 0.44 percent. The S&P 500 edged up 0.01 percent, and the Dow Jones Industrial Average rose 0.55 percent.
